Financial Crime & Compliance Business Partner

The Company

Ambitious growth calls for ambitious people, which is why we focus our energy on inspiring and supporting our colleagues every step of their self-development journey at SRG. You’ll often hear us say that people and culture is at the heart of everything we do, and our People & Culture team lead our pursuit of creating a culture where colleagues are both engaged and motivated to be their best at work. People are the first element of our business plan, which ensures our colleagues are at the forefront of all business decisions – meaning you’ll be working for a company that genuinely cares about you! We are kind, positive and thoughtful in our approach and are building a company we are proud to tell our friends and family about.

The Role

The Specialist Risk Group (SRG) is seeking to hire an experienced Financial Crime & Compliance Business Partner to join their growing business.

This is a combination role for a financial crime specialist alongside a general compliance role, which supports the pillars with compliance advice, including presenting to pillar Excom.

This role object is to support the Group head of compliance with the development of a financial crime prevention framework alongside BAU activities such as acting as the coordinator for SRG financial Crime governance committees.

Key Responsibilities

The key responsibilities for this role are:

Financial Crime

• Provide independent and objective oversight and monitoring of SRG Financial Crime Prevention policy covering ; Anti-Money Laundering and Countering Terrorist Financing; Sanctions; Anti-Bribery & Corruption; and Fraud risk.
• Work closely with the first line of defence, to review due diligence escalations (e.g. Sanctions / PEPs and Adverse media) and where necessary make recommendations to approve/decline
• Provide and regular and accurate management information to the relevant Boards and Committees of SRG, on the effectiveness of fraud and financial crime risk management processes, risks and controls.
• Undertake investigations regarding potential cases of suspected fraud and financial crime as and when required and determine if a report to the NCA or Action Fraud would be appropriate.
• Assist in the identification of forthcoming regulatory/legislative changes that will impact SRG and provide appropriate notification to all key stakeholders in a timely manner.
• Facilitate the annual review of financial crime risk assessment.

Business/Culture Support and Advisory

• Act as the Compliance Business partner for SRG Wholesale Pillars, Miles Smith & SRI
• Act as the compliance representative at the Pillar Excoms
• Identify and share professional and regulatory risks to the business and work with the business to enhance controls as appropriate.
• Promote an open line of communication between Compliance and the business to provide the business with updates on current Compliance initiatives and projects and visa versa.
• ·Work with the pillar leadership to ensure compliance is embedded in all areas of the business including project development including financial promotion sign off.

Policies and Procedure

• Provide support in the creation, maintenance and communication of central compliance and financial crime standards, policies and procedures.

Training and Communications

• Design and deliver fraud and financial crime training to SRG staff.
• Develop in collaboration with team colleagues tools, checklists and other processes to help embed financial crime control compliance-related requirements into the day-to-day activities of client-facing and functional colleagues.

Routine legal documents.

• Reviewing legal documents and assisting in the negotiation of TOBAs, NDAs, introducers Agreements

About You

• Strong communication skills and an ability to deal with complex situations calmly and constructively;
• Ability to work collaboratively with multiple stakeholders ;
• Ability to develop and implement compliance programme and policy;
• Ability to manage multiple projects simultaneously and prioritize effectively;
• A commercial pragmatic approach to problem-solving in a fast-pace environment;
• A good understanding of both broking and underwriting businesses and delegated authorities;
  • Understanding of Lloyds and London Insurance Market and the nature of insurance business;
  • Experience in a financial crime and compliance team within an insurance company, broker or a consultancy or a Regulator
  • Strong, demonstrable knowledge of legislation and regulation applicable to SRG;
  • Experience of using EXCEL, WORD and SMARTSHEETS

For more information on this role, please contact the People & Culture team – people&culture@specialistrisk.com

To apply, please submit your C.V. and any relevant supporting documentation via email, stating which role you are interested in.

Apply here